Investors should sell the New
Zealand dollar against the yen and bet the currency will decline
to 59.80, according toStandard Bank Plc.

Investors should end the trade should the so-called Kiwi
advance to 63.10 yen, Steve Barrow, Standard Bank’s head of
research for Group-of-10 currencies in London, wrote today in an
e-mailed note. The bank set an initial target of 60.75, Barrow
said in the note.

New Zealand’s currency bought 61.60 yen as of 12:22 p.m. in
London. It has declined 8.4 percent versus the yen since the end
of 2009, according to data compiled by Bloomberg.